Absorption Report

Punta Gorda, FL

Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market		 Balanced
Market		 Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 3% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
51k-75k 1 0.2 0
76k-100k 4 2 0.7 0
101k-125k 1 5 2 0.8 1.2
126k-150k 6 8 1 0.2 4.5
151k-175k 7 8 0.2 5.3
176k-200k 10 8 3 0.1 7.5
201k-225k 10 15 2 0.3 4
226k-250k 22 17 5 0.1 7.8
251k-275k 20 24 8 0.2 5
276k-300k 66 65 13 0.2 6.1
301k-325k 54 69 16 0.2 4.7
326k-350k 91 74 14 0.1 7.4
351k-375k 86 64 7 0.1 8.1
376k-400k 100 64 14 0.1 9.4
401k-425k 60 47 8 0.1 7.7
426k-450k 76 30 3 0.1 15.2
451k-475k 41 33 7 0.1 7.5
476k-500k 42 31 4 0.1 8.1
501k-550k 66 52 11 0.1 7.6
551k-600k 70 30 5 0.1 14
601k-650k 50 32 3 0.1 9.4
651k-700k 55 24 3 0.1 13.8
701k-750k 28 13 0.1 12.9
751k-800k 37 16 5 0.1 13.9
801k-850k 19 13 3 0.1 8.8
851k-900k 28 6 1 0 28
901k-950k 22 9 2 0.1 14.7
951k-1m 19 7 1 0.1 16.3
1m-1.1m 20 7 2 0.1 17.1
1.1m-1.2m 17 5 0 20.4
1.2m-1.3m 13 5 0.1 15.6
1.3m-1.4m 8 5 0.1 9.6
1.4m-1.5m 7 6 2 0.1 7
1.5m-1.6m 7 3 2 0.1 14
1.6m-1.7m 11 3 1 0 22
1.7m-1.8m 3 3 0.2 6
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 7 2 0 21
2m-2.25m 5 0
2.25m-2.5m 5 0
2.5m-2.75m 1 0
3.5m-4m 2 0
4.5m-5m 1 0

Townhouses 8% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
201k-225k 1 0
226k-250k 3 1 0.1 18
251k-275k 1 0.2 0
301k-325k 3 2 0.1 9
326k-350k 5 2 0.1 15
351k-375k 2 3 0.3 4
376k-400k 2 2 0.2 6
426k-450k 1 0
451k-475k 1 1 1 0.2 6
476k-500k 1 0
501k-550k 2 0
601k-650k 1 0

Condos 2% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
76k-100k 3 1 0.5 0
101k-125k 3 5 3 0.3 3.6
126k-150k 20 8 1 0.1 15
151k-175k 37 16 2 0.1 13.9
176k-200k 36 12 0.1 18
201k-225k 22 10 2 0.1 13.2
226k-250k 26 11 0.1 14.2
251k-275k 36 19 5 0.1 11.4
276k-300k 55 17 3 0.1 19.4
301k-325k 25 13 1 0.1 11.5
326k-350k 40 7 3 0 34.3
351k-375k 25 11 3 0.1 13.6
376k-400k 29 8 0 21.8
401k-425k 17 10 3 0.1 10.2
426k-450k 28 3 1 0 56
451k-475k 11 3 0 22
476k-500k 14 1 0 84
501k-550k 24 4 2 0 36
551k-600k 15 2 0 45
601k-650k 7 1 0 42
651k-700k 13 0
701k-750k 8 1 0 48
751k-800k 7 1 0 42
801k-850k 2 0
851k-900k 3 0
1.1m-1.2m 3 0

Land 1% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 418 143 23 0.1 17.5
26k-50k 367 83 12 0 26.5
51k-75k 138 33 1 0 25.1
76k-100k 89 21 4 0 25.4
101k-125k 43 9 1 0 28.7
126k-150k 36 7 1 0 30.9
151k-175k 20 11 1 0.1 10.9
176k-200k 27 3 2 0 54
201k-225k 16 5 0.1 19.2
226k-250k 15 1 0 90
251k-275k 12 6 2 0.1 12
276k-300k 20 6 0.1 20
301k-325k 10 2 1 0 30
326k-350k 16 3 1 0 32
351k-375k 8 3 1 0.1 16
376k-400k 15 1 0 90
401k-425k 6 0
426k-450k 7 5 3 0.1 8.4
451k-475k 6 1 1 0 36
476k-500k 7 0
501k-550k 7 0
551k-600k 7 0
601k-650k 5 0
651k-700k 2 0
701k-750k 5 0
751k-800k 12 0
851k-900k 2 2 1 0.2 6
951k-1m 7 0
1m-1.1m 4 1 0 24
1.1m-1.2m 5 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 3 0
2m-2.25m 2 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 2 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 2 0
13.01m-14m 1 0
15.01m-16m 1 0